3178 Nostrand Avenue

3178 Nostrand Avenue is a Co-op located in Madison, Brooklyn. The building was first built in 1958 and is 66 years old. It was first renovated and altered in 2012. The lot that the building was built on is 290 feet wide and 105 feet long. The official lot area is listed as 30,450 square feet. The building itself is 254 feet wide and 57 feet long. In total, 3178 Nostrand Avenue has a total floor area of 81,565 square feet. Of that, 81,564 square feet are used for residential purposes. There are a total of 79 units. Of those, 79 are residential units. 3178 Nostrand Avenue has a total of 6 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 79 closings on record, of which we have matching data for 11 listings. In the past 3 years, a listing in this building will typically remain on the market for about 201 days and tend to sell below the original asking price of $250,000 by 3.94%. Meaning, listings tend to sell at a median of $292 price per square foot. The transaction that took the longest to complete was unit 1H, listed on Feb 26, 2021 for $209,000. This particular unit ultimately sold 334 days later for $170,000. The most recent transaction was for unit 1B, which was first advertised on Jul 12, 2023, sold for $280,000 on Jan 23, 2024. Fun fact, the oldest transaction we have on record took place on May 11, 1970. See the full transaction history for 3178 Nostrand Avenue below.

Madison, where 3178 Nostrand Avenue is located, has a median asking price of $325,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $250,000. For interested buyers, that means the building's median asking price is around 0.23% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $230,000. It is a 1-bedroom and 1-bathroom unit.